Another day of passion for the European Stock Exchanges, which discount therate increase of 75 basis points announced yesterday by the Fed, the highest since 1994. Mid-morning the Milan Stock Exchange loses 1,8%, to 22.075,90 points. Heavy reductions also for Paris (-1,6%) and Frankfurt (-1,8%). Madrid -1%. Outside the Eurozone, deep red also for London (-1,5%) and above all for Zurich (-2,5% after the first monetary tightening by the Central Bank in the last 15 years).
Wall Street: futures down
They don't bode well either Wall Street futures, where in the pre-market the index S&P yields 1,8% and the Nasdaq 2,2%. Also for this reason the interest in the weekly requests for unemployment benefits is growing, which will give a measure of the state of health of the US economy.
Spread Btp-Bund: holds the dam of the ECB
On the front of spread, seems to keep the dam up from ECB, which yesterday confirmed its intention to create a new anti-spread shield. In fact, despite the imminent rise in interest rates, the yield differential between 10-year BTPs and Bunds of the same duration marked a marginal rise this morning, at 218 basis points, very far from the peak of 250 touched just two days ago.
Ftse Mib stock performance: Saipem stands out (+2,8%)
As for the singles securities on the Ftse Mib, the countertrend performance of Saipem, which opened up by more than 4 percentage points and is now traveling at +2,8%, still at the top of the list, after a passage in the volatility auction. Morgan Stanley raised the target price to 98,57 euros.
The best titles…
Among the few positive actions are those of Leonardo (+ 0,67%), Inwit (+ 0,34%) and Snam (+ 0,19%).
…And the worst
The worst titles are instead Interpump (-4,36%), Mediobanca (-4,07%), Moncler (-3,92%) And Azimuth (-3,63%).
The currency market
On the foreign exchange market, theeuro is down to $1,0405 (from $1,0404 at yesterday's close). The single currency is worth 139,98 yen (139,97), while the report dollar/yen is at 134,55 (134,52). It also loses altitude GBP, at 0,86 against the euro, awaiting the decisions of the Bank of England.
Commodities
Gas price: today's prices
As for commodities, runs the gas price, at 126,5 euros per megawatt hour (+5,1%), the day after the Russian giant Gazprom announced cutting another 33% of deliveries to Europe.
Oil price: today's prices
Finally, on the rise oil prices: the July future on Wti gains 0,9%, at 116,4 dollars a barrel, while Brent trades at 119,5 dollars (+0,8%).
